Wed, Feb 7, 2024 4:53 PM
Markets eye monetary policy for rate cut cues even as RBI!
A Flip by Avya Verma
The Ponda Municipal Council will lease its underutilized new market complex to a single entity after failing to attract bidders, aiming to generate revenue and cover operational expenses. The decision comes after failure to get the bidders over six different auctions for individual shops in the complex, said PMC chairperson Anand Naik.
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Gold prices in India have experienced a significant increase of nearly 32% since last Diwali, largely due to geopolitical tensions and other influencing factors. However, the upcoming US election and the Federal Reserve’s policy decision are expected to introduce substantial volatility in the market. The market is currently anticipating a 25-basis point rate cut by the U.S.
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MicroStrategy, a company with a massive Bitcoin holding, is on track to become the first $1 trillion crypto stock, with its value skyrocketing 264% this year and outperforming every S&P 500 stock since 2020, with its plan to transform into a Bitcoin investment bank and wait for the cryptocurrency's price to appreciate.
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